PARK RIDGE, IL - DECEMBER 29: A "House For Sale" sign is visible in front of an existing home December 29, 2005 in Park Ridge, Illinois. Sales of existing homes in November fell, reportedly, by 1.7 percent, spreading concern with economists on the state of the housing market. (Photo by Tim Boyle/Getty Images)
(Photo by Tim Boyle/Getty Images)

Sacramento Homes ‘Earn’ $15.62 Per Hour In Appreciation

A new study says that homes in Sacramento are earning an average of $15.62 per hour while you’re at work!

A new study from Zillow.com shows that “home value appreciation per working-hour is higher than local minimum wage, but renters are struggling just to come up with enough money to break into the market.” Here in Sacramento, the average home earns $15.62 per working hour in appreciation (based on a 40-hour work week). In San Francisco, that number is $60.13 per hour.

It’s great news for homeowners but not great news for people who are trying to save up enough money to put down on a home. While the average home earns $15.62/working hour here in Sacramento – minimum wage is just $11/hour.

To check out the values of the rate of appreciation of homes in other cities, CLICK HERE

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PARK CITY, KS - FEBRUARY 26: Police tape hangs across the street in front of the house that Dennis Rader lives in February 26, 2005 in Park City, Kansas. Rader is the suspect whom police have arrested on suspicion of first-degree murder in connection with the 10 deaths now tied to the serial killer known as BTK. (Photo by Larry W. Smith/Getty Images)

Roseville, Galleria Hit With Rash Of 50 Car Break-Ins In 24 Hours [VIDEO]

Pockets of Roseville and the parking lot of the Roseville Galleria were hit with 50 car break-ins in just 24 hours! Here's what authorities want you to know...